TORONTO, Oct. 31, 2025 /CNW/ - The Financial Services Regulator of Ontario (FSRA) has initiated enforcement action against Hardeep Minhas (Minhas).
FSRA alleges that Minhas contravened the Insurance Act, R.S.O. 1990, c.I.8 and its regulations by paying a rebate to a person applying for insurance as an incentive to purchase an insurance product, contrary to paragraph (v) of subsection 7 (1) of the Unfair or Deceptive Acts or Practices rule.
FSRA is proposing to impose an administrative penalty in the amount of $3,000 against Minhas.
Minhas has requested a hearing before the Financial Services Tribunal about this proposal.
Learn more:
Access our enforcement database to see how FSRA is working to protect consumers through its monitoring and enforcement activities.
For media inquiries:
Russ Courtney
Senior Manager, Media Relations
Financial Services Regulatory Authority
C: 437-225-8551
Email: [email protected]
SOURCE Financial Services Regulatory Authority of Ontario
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